Winnebago Industries (WGO)

• Market cap: $896M
• 1 day: -2.42%
• 5 days: -1.30%
• 1 month: -7.66%
• 3 months: -34.24%
• 6 months: -44.52%
• Year to date: -33.91%
• 1 year: -48.33%
• 5 years: -28.28%
• 10 years: 53.65%
• Sector: Consumer Discretionary
• Industry: Recreational Vehicles

About: Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, boats, and parts. Headquartered in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was nearly $3 billion in fiscal 2024. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 83% of the firm's RV unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 38,796 in fiscal 2024. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft, bought premium motor home maker Newmar in November 2019, and bought Barletta pontoon boats in August 2021. It also is developing electric and autonomous technology.

Employees: 5,700

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

10% more repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 80

1.08% more ownership

Funds ownership: 107.84% [Q3] → 108.92% (+1.08%) [Q4]

6% less funds holding

Funds holding: 274 [Q3] → 258 (-16) [Q4]

18% less capital invested

Capital invested by funds: $1.81B [Q3] → $1.48B (-$335M) [Q4]

22% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 60

59% less call options, than puts

Call options by funds: $47.9M | Put options by funds: $118M

100% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 0 (-3) [Q4]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $38 19% upside
• Avg. target: $47 46% upside
• High target: $60 89% upside

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

Keybanc Eric Heath 66% 1-year accuracy 27 / 41 met price target	26% upside $40	Overweight Maintained	17 Apr 2025
Truist Securities Michael Swartz 16% 1-year accuracy 9 / 55 met price target	19% upside $38	Buy Maintained	14 Apr 2025
Baird Craig Kennison 15% 1-year accuracy 4 / 27 met price target	19% upside $38	Neutral Downgraded	4 Apr 2025
Benchmark Michael Albanese 9% 1-year accuracy 2 / 22 met price target	89% upside $60	Buy Maintained	1 Apr 2025
BMO Capital Tristan Thomas-Martin 46% 1-year accuracy 6 / 13 met price target	89% upside $60	Outperform Maintained	28 Mar 2025